COPA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of COPA CONSTRUCT is 2.3% (moderate). The 2025 annual accounts show equity of €33,068 and a net result of -€3,677. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 7524 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-71
Solvency71▲+9
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.11 against 1.8 in 2024; short-term debt: 30% and cash: 23.5% of total assets), but 53.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.2%
Return on assets
-5.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
24 d early
2023
29 d early
2022
24 d early
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 28 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Equity
€33,068▼ 10.0%
2024 · €36,746
Total assets
€71,572▼ 28.1%
2024 · €99,483
Net result
-€3,677
2024 · €24,919
Working capital
€23,890▼ 43.6%
2024 · €42,320
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,704-€3,421▼ 82.6%€3,686▲ 7.7%€35,049▲ 851%-€1,257
Net result€10,058-€463▼ 95.4%€1,305▲ 182%€24,919▲ 1,809%-€3,677
Equity€30,058-€30,521▲ 1.5%€31,827▲ 4.3%€36,746▲ 15.5%€33,068▼ 10.0%
Total assets€73,016-€84,447▲ 15.7%€69,073▼ 18.2%€99,483▲ 44.0%€71,572▼ 28.1%
Debt€42,957-€53,926▲ 25.5%€37,246▼ 30.9%€62,737▲ 68.4%€38,503▼ 38.6%
Working capital€16,026-€23,399▲ 46.0%€36,644▲ 56.6%€42,320▲ 15.5%€23,890▼ 43.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,257 after €35,049 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,572
Fixed assets
€26,199 ▲ 509%
Current assets
€45,373 ▼ 52.3%
Equity and liabilities €71,572
Equity
€33,068 ▼ 10.0%
Debt
€38,503 ▼ 38.6%
Debt's share of the balance-sheet total falls from 63.1% to 53.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,962▼
2024 · €36,190
Cash flow
€541▼
2024 · €26,060
Current ratio
2.11▲
2024 · 1.80
Debt to equity
1.16▼
2024 · 1.71
ROE
-11.1%▼
2024 · 67.8%
ROA
-5.1%▼
2024 · 25.0%
Interest coverage
1.96▼
2024 · 18.98
Debt ≤ 1 year
€21,484▼
2024 · €52,861
Debt > 1 year
€15,770▲
2024 · €8,627
Income taxes
€1,302▼
2024 · €8,224
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €16,788 | €32,006 | €154 | ▼ 99.5% |
| Remuneration, social security and pensions62 | €3,088 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,825 | €16,161 | €2,576 | €1,141 | €4,219 | ▲ 270% |
| Other operating charges640/8 | €628 | €679 | €1,542 | €1,736 | €1,575 | ▼ 9.3% |
| Non-recurring operating charges66A | - | - | - | €4,075 | €445 | ▼ 89.1% |
| Gross operating margin9900 | €38,245 | €20,261 | €7,804 | €42,002 | €4,982 | ▼ 88.1% |
| Operating profit (loss)9901 | €19,704 | €3,421 | €3,686 | €35,049 | -€1,257 | ▼ 104% |
| Financial income75/76B | €54 | €28 | €1 | €1 | €396 | ▲ 28,186% |
| Recurring financial income75 | €54 | €28 | €1 | €1 | €396 | ▲ 28,186% |
| Financial charges65/66B | €5,258 | €2,002 | €866 | €1,907 | €1,514 | ▼ 20.6% |
| Recurring financial charges65 | €4,958 | €1,451 | €866 | €1,907 | €1,514 | ▼ 20.6% |
| Non-recurring financial charges66B | €300 | €551 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €14,500 | €1,447 | €2,821 | €33,143 | -€2,375 | ▼ 107% |
| Income taxes67/77 | €4,442 | €984 | €1,515 | €8,224 | €1,302 | ▼ 84.2% |
| Profit (loss) for the period9904 | €10,058 | €463 | €1,305 | €24,919 | -€3,677 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €10,058 | €463 | €1,305 | €24,919 | -€3,677 | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,016 | €84,447 | €69,073 | €99,483 | €71,572 | ▼ 28.1% |
| Fixed assets21/28 | €31,407 | €15,246 | €1,561 | €4,302 | €26,199 | ▲ 509% |
| Tangible fixed assets22/27 | €31,407 | €15,246 | €1,561 | €4,302 | €26,199 | ▲ 509% |
| Plant, machinery and equipment23 | €25,080 | €14,303 | €1,544 | €4,302 | €4,203 | ▼ 2.3% |
| Furniture and vehicles24 | €6,327 | €943 | €18 | €0 | €21,995 | - |
| Current assets29/58 | €41,608 | €69,201 | €67,512 | €95,181 | €45,373 | ▼ 52.3% |
| Stocks and contracts in progress3 | €5,589 | €19,210 | €4,792 | €16,200 | €0 | ▼ 100% |
| Stocks30/36 | €5,589 | €4,210 | €2,792 | €5,000 | €0 | ▼ 100% |
| Contracts in progress37 | - | €15,000 | €2,000 | €11,200 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €22,904 | €34,738 | €52,919 | €32,234 | €25,858 | ▼ 19.8% |
| Trade receivables40 | €21,513 | €34,738 | €51,932 | €32,192 | €9,092 | ▼ 71.8% |
| Other amounts receivable41 | €1,391 | €0 | €986 | €42 | €16,766 | ▲ 39,659% |
| Cash at bank and in hand54/58 | €10,255 | €13,260 | €6,796 | €44,429 | €16,851 | ▼ 62.1% |
| Deferred charges and accrued income490/1 | €2,860 | €1,994 | €3,006 | €2,318 | €2,664 | ▲ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,016 | €84,447 | €69,073 | €99,483 | €71,572 | ▼ 28.1% |
| Equity10/15 | €30,058 | €30,521 | €31,827 | €36,746 | €33,068 | ▼ 10.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €10,058 | €10,521 | €11,827 | €16,746 | €13,068 | ▼ 22.0% |
| Distributable reserves133 | €10,058 | €10,521 | €11,827 | €16,746 | €13,068 | ▼ 22.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €42,957 | €53,926 | €37,246 | €62,737 | €38,503 | ▼ 38.6% |
| Amounts payable after more than one year17 | €14,651 | €6,873 | €5,129 | €8,627 | €15,770 | ▲ 82.8% |
| Financial debts170/4 | €14,651 | €6,873 | €5,129 | €8,627 | €15,770 | ▲ 82.8% |
| Amounts payable within one year42/48 | €25,582 | €45,803 | €30,868 | €52,861 | €21,484 | ▼ 59.4% |
| Current portion of amounts payable after more than one year42 | €9,127 | €7,778 | €6,951 | €2,500 | €8,821 | ▲ 253% |
| Trade debts44 | €4,417 | €29,346 | €17,273 | €13,644 | €3,136 | ▼ 77.0% |
| Suppliers440/4 | €4,417 | €29,346 | €17,273 | €13,644 | €3,136 | ▼ 77.0% |
| Taxes, remuneration and social security45 | €6,033 | €2,083 | €4,259 | €15,227 | €9,527 | ▼ 37.4% |
| Taxes450/3 | €6,033 | €2,083 | €4,259 | €15,227 | €9,527 | ▼ 37.4% |
| Other amounts payable47/48 | €6,006 | €6,595 | €2,385 | €21,489 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €2,724 | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,058 | €463 | €1,305 | €24,919 | -€3,677 | ▼ 115% |
| + Depreciation and write-downs630 | €14,825 | €16,161 | €2,576 | €1,141 | €4,219 | ▲ 270% |
| Operating cash flow (approximation) | €24,883 | €16,625 | €3,881 | €26,060 | €541 | ▼ 97.9% |
| Investment in fixed assets (approximation) | - | €0 | €11,109 | -€3,882 | -€26,115 | ▼ 573% |
| Change in cash | - | €3,004 | -€6,464 | €37,633 | -€27,578 | ▼ 173% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€3,677
Net result drops to -€3,677, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €24,919 ▲1,809%
Operating result €35,049, net result €24,919, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maaseik · 1 establishment unit since 2021
Ground area
2,260 m²
Building footprint
289 m²
Volume, LiDAR
1,341 m³
Parcel 72028D0361/00D000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RENOP
since 20212.311.571.069
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72028D0361/00D000 | Flanders | 2,260 m² | 1 · 289 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 197 EUR awarded · 197 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 197 EUR | 197 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,037. 12,562 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.